China’s benchmark Shanghai Composite Index (000001.SH) gained 0.36% on Thursday, while the Shenzhen Component Index (399001.SZ) rose 0.37%.
Shanghai’s tech-heavy STAR 50 Index (000688.SH) gained 2.2% for the day, while Shenzhen’s similar ChiNext Index (399006.SZ) rose 0.5%.
Below is a rundown of the top China business and finance stories, plus other news for the day:
· Shanghai Speeds Up Customs Clearance of Covid Vaccines and Materials
China’s biomedical R&D center creates ‘green channel’ to accelerate work on advanced coronavirus treatments and inoculations
· Chinese President Xi Jinping Pledges to Open Door Wider to World
On 70th anniversary of international trade council, leader vows cooperation on vaccine research and development and on global public health
· Private Developers Get Green Light to Issue Derivative-Backed Debt
Authorities look to ease property sector’s financing troubles by offering investors more risk hedging options
· China Loosens Covid Testing Rules for Travelers From U.S.
Passengers only need to take nucleic acid tests closer to departure date, no longer require antibody test results
China National Knowledge Infrastructure became the market watchdog’s latest target after several research institutes of the prestigious Chinese Academy of Sciences announced that they would quit the platform due to high subscription fees
· Exclusive: China’s Corruption Cops Launch Probe Into Former Central Bank Official and His Wife
Sun Guofeng, the ex-head of the PBOC’s monetary policy department, and his wife are being investigated
· Chinese Brokerages’ Digital Transformation Proves Easier Said Than Done
At government urging, securities firms are investing in AI and cloud computing, but some could be spending on the wrong tools
· Shanghai Dealerships Sold No Cars Last Month, Trade Group Says
Dealerships struggled to pay wages and rent last month amid a suspension of operations due to the Covid-19 lockdowns, an industry association says
· In Depth: Localities Push Ahead With Personal Bankruptcy Pilots as National Efforts Stall
China has yet to create a nationwide legal framework for helping individuals escape insolvency, but local governments are making headway on their own pilot initiatives, even as they face obstacles
· China’s New Financial Stability Fund Raises $9.59 Billion From Big Banks
Systemically important banks make additional payments on top of deposit insurance levies as the government creates another measure for managing financial risks
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This article was generated by Caixin Automation.
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